Goodyear tries to vent off oversold saturation - Analysis - 22-06-2022

2022-06-22 12:34:05 GMT (Economies.com)
 

Goodyear's stock (GT) rose a cautious 1.99% in the last session, or 22 cents, settling at 11.28, with trading volumes surpassing 4.2 million shares, below 10-day averages of 5.1 million shares. 

 

The stock is recouping recent losses, and venting off oversold saturation from the RSI, amid the dominance of the downward correctional short-term trend, while trading alongside the downward trend line, with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the important support of 10.00, provided it settles below the resistance of 12.09. 

 

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Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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